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Saudi wealth fund s local focus worries global asset managers | Matthew Martin, Dinesh Nair & Nicolas Parasie

Saudi wealth fund s local focus worries global asset managers | Matthew Martin, Dinesh Nair & Nicolas Parasie
businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.

Saudi arabiaUnited statesTurqi al nowaiserAbeer abu omar bloombergAl humiedYasir al rumayyanAndreessen horowitzYazeed al humiedRobert mogielnickiDiego lopezAl rumayyanColumbia university center on global energyMicrosoft corpBrookfield asset managementArab gulf states institute mogielnickiSalesforce inc

Saudi Wealth Fund s Local Focus Worries Global Asset Managers

Saudi Wealth Fund s Local Focus Worries Global Asset Managers
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

United statesSaudi arabiaTurqi al nowaiserDiego lopezAndreessen horowitzAl humiedYasir al rumayyanAl rumayyanAbeer abu omarYazeed al humiedRobert mogielnickiArab gulf states instituteSalesforce incBrookfield asset managementBlackrock incColumbia university center on global energy

Saudis buy 49% stake in Forte Hotels group

Sir Rocco Forte is increasing the pace of expansion of his luxury hotel group after selling a 49 per cent stake to Saudi Arabia’s sovereign wealth fund which values the business at £1.4 billion.

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Saudi PIF to acquire minority stake in Rocco Forte Hotels

Saudi sovereign wealth fund PIF has reached a deal to acquire a significant minority stake in Rocco Forte Hotels, a renowned operator of landmark luxury hotels. It currently operates 14 hotels, resorts, including some of Europe’s most iconic properties.

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Saudi Arabia s PIF Buys 49% of Rocco Forte s Luxury Hotel Chain

Saudi Arabia's Public Investment Fund (PIF) has bought a 49 percent stake in Sir Rocco Forte's luxury hotel group and plans to double the chain's size over the next five years with new hotels in the Middle East, Italy, and the US. The deal, announced on Monday, values Forte's group of 14 hotels across Europe at £1.2bn and implies an enterprise value, including debt, of £1.4bn, according to people familiar with the details.

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